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  • Tesla And The State Of The Electric Vehicle Debate [View article]

    "The earth is 4.6 billion years old. It's going to be here a long time after.
    The hysteria is reaching absurd proportions. Stop living in fear. "

    It's a religion and religions rely upon faith not logic. These people don't believe in God but they believe in Gaia. George Carlin nailed it.

    We have periods of time where the earth has had C02 levels 10-20 times the current level and the earth survived. Heck maybe the planet is starved for C02. Ironically enough since plants love C02 we are greening our planet every time we start a car or burn some coal ;)
    Apr 18, 2015. 04:55 PM | 1 Like Like |Link to Comment
  • Connected cars and broadband wars [View news story]

    So funny. I didn't even know I had this feature on my 650i until you mentioned it.

    Apr 18, 2015. 03:12 PM | Likes Like |Link to Comment
  • Connected cars and broadband wars [View news story]

    Mostly correct with the exception of traveling outside of 4g wireless coverage areas in which case your directions stop working. I think SAT based systems will always have the upper hand in that respect or plan old paper :)
    Apr 18, 2015. 03:09 PM | 5 Likes Like |Link to Comment
  • Reviewing Today's Affordable Electric Cars: And The Winner Is ... Not Tesla [View article]

    "And I assume that those are also "asking prices" as opposed to the final "transaction price" that is being displayed, right?"

    Always! Unless they have a fixed price structure but most of these appear to be private sellers and niche, high-end dealers. I would expect there to be a lot of haggling on price ;)
    Apr 18, 2015. 12:41 PM | 1 Like Like |Link to Comment
  • Blame GDP [View article]

    I like the questions. Would you help us out with some links?

    Apr 18, 2015. 12:17 PM | Likes Like |Link to Comment
  • Caterpillar Is A Buy At These Levels [View article]

    "I'm the last person whom would advocate efficient markets. But I believe investors wouldn't drive CAT down to single digit PEs in a recession. Or to massive yields. Indeed CAT seems priced with a decent margin of safety...for today and tomorrow. "

    Strange things happen during panics - CAT hit a low of just under $25 from a high of over $83 in 2009. Not sure how "efficient" markets were at that time.

    This is no commentary on whether to buy or not buy the stock today just an observation on my part. I only wish I had bought it back then :)
    Apr 18, 2015. 12:15 PM | Likes Like |Link to Comment
  • Reviewing Today's Affordable Electric Cars: And The Winner Is ... Not Tesla [View article]
    If you go to and do a nationwide search on used "S"'s you will get just over 295 cars as of yesterday.

    The price point on these used vehicles tends to be all over the place as far as I can tell and I am not sure how they compare to the original selling price as a result.
    Apr 18, 2015. 12:01 PM | 2 Likes Like |Link to Comment
  • Etsy down 7.2% on day two; Street cautious about valuation [View news story]
    In the old days a billion dollar mkt cap used to mean something. This may be a great company but as a stock you just have to wonder how insane things have become. The price to sales measure is astonishing.

    How scaleable is this business when it relies upon human beings?

    "It's also concerned about Etsy's long-term market size. "We believe Etsy benefits from the difference in what individuals expect to receive for their work time versus their free time, as well as the lack of overhead, resulting in lower prices ... However, we believe this arbitrage is only possible in limited categories of goods, thus capping Etsy's ultimate growth."
    Apr 17, 2015. 01:19 PM | 1 Like Like |Link to Comment
  • Leading Indicators show modest growth ahead [View news story]

    Can it ever go negative with ZIRP based upon the way it is weighted?


    "The ten components of The Conference Board Leading Economic Index® for the U.S. include:

    Average weekly hours, manufacturing
    Average weekly initial claims for unemployment insurance
    Manufacturers’ new orders, consumer goods and materials
    ISM® Index of New Orders
    Manufacturers' new orders, nondefense capital goods excluding aircraft orders
    Building permits, new private housing units
    Stock prices, 500 common stocks
    Leading Credit Index™
    Interest rate spread, 10-year Treasury bonds less federal funds
    Average consumer expectations for business conditions"
    Apr 17, 2015. 12:22 PM | Likes Like |Link to Comment
  • 2 hours a day the norm for Netflix users [View news story]
    I am sooo addicted to NFLX. God I wish I discovered it before the Quikster debacle and rebound. Man I would have been buying a ton at that $60 range.

    Let's hope for us non-shareholder users that they don't raise prices any time soon ;)
    Apr 17, 2015. 12:14 PM | Likes Like |Link to Comment
  • U.S. Debt At 104% Of GDP Hits Another Record. Stocks, Gold Should Do Well On Slow Rate Hikes [View article]
    When Dick Cheney said "Deficits don't matter", I think he was on to something.
    Apr 15, 2015. 04:01 PM | Likes Like |Link to Comment
  • Industrial Production slumps 0.6% [View news story]

    How do you strip out energy and its components from industrial production?

    Isn't it an important component of industrial production?

    I mean it was a huge part of the rise of industrial production since the last recession ended. I have no idea if this is recessionary data or not but it is one of the 4 measures that NBER uses for calling the business cycle.

    I understand there are other positives but should we be ignoring this? There are negative multiplier effects that come from a reduction in investment in the oil and gas areas which until this point were a real bright spot for the economy.

    Apr 15, 2015. 11:24 AM | 2 Likes Like |Link to Comment
  • Industrial Production slumps 0.6% [View news story]
    Interesting. It peaked in Nov 2014 at 106.3. 4 straight months of decline.
    Apr 15, 2015. 09:20 AM | Likes Like |Link to Comment
  • Morgan Stanley lowers estimates on Tesla Motors [View news story]
    Even using a rudimentary tool like a "Quick Ratio" tells you that a capital intensive business like this is in the danger zone - currently less than 1.

    I am not sure how this improves over the year without raising some cash.
    Apr 14, 2015. 04:36 PM | 1 Like Like |Link to Comment
  • What The CAPE Graph Really Shows: No, It's Not A Bubble [View article]

    Great comment. To me it is really simple - there will be a recession at some point over the next 10 years and recessions usually slice the value of the market by about 30-40%. CAPE, Tobin's Q, Mkt Cap/GDP take this into account whereas forward operating PE's do nothing of the sort.

    CAPE is not a timing tool (I've made that mistake), it is a measurement that helps someone to assess where we are in the earning's business cycle and what we are paying for those earnings. Things always look the best, feel the best, and act most favorable at the peak!

    One of the all time great Farside cartoons:

    I enjoy reading your comments.
    Apr 14, 2015. 04:23 PM | 2 Likes Like |Link to Comment